Everyone called Apple a dinosaur for dodging the AI spending spree, and yet the Cupertino giant just hit $4.88 trillion in market value, literally nosing out NVIDIA at $4.86 trillion. While Google, Microsoft, Meta, and OpenAI poured absurd money into infrastructure, Apple chilled and caught hell from Wall Street the entire time.
Toni Meadows from BRI Wealth Management basically said the narrative flipped. Apple sidestepped the capex intensity trap that hyperscalers keep stumbling into, and the Services division hands them a clean monetization lane. Bundle some AI features in there, and upgrade cycles pick up without torching billions on model development.
And the Siri AI revamp? Yeah, that's Apple fixing the mess after misleading people about generative features on newer iPhones. But here's the kicker. The RAM shortage is squeezing iPhone 18 Pro and Pro Max shipments, and Citi reckons the entry-level iPhone 18 might skip its announcement entirely. Privacy concerns also block Apple from monetizing personal data through Siri.
Toni Meadows from BRI Wealth Management basically said the narrative flipped. Apple sidestepped the capex intensity trap that hyperscalers keep stumbling into, and the Services division hands them a clean monetization lane. Bundle some AI features in there, and upgrade cycles pick up without torching billions on model development.
And the Siri AI revamp? Yeah, that's Apple fixing the mess after misleading people about generative features on newer iPhones. But here's the kicker. The RAM shortage is squeezing iPhone 18 Pro and Pro Max shipments, and Citi reckons the entry-level iPhone 18 might skip its announcement entirely. Privacy concerns also block Apple from monetizing personal data through Siri.
